According to IDC, the Russian IT market reached $ 24.18 billion (+7%)* in 2019. Venture investment volume in Russia in the same year reached $ 870 million, while exit deals are estimated at $ 5.5 billion**. Business software, marketing and advertising, cybersecurity, industrial applications, HR, transport and logistics, and real estate** are the most popular startups in the B2B segment.
Multiple government and private digital transformation initiatives (grants, subsidies, accelerators, etc.) drive demand for technology products and solutions and foster new high-tech startups.
Partnership between SCHNEIDER GROUP and DSIGHT will enable efficient collaboration between promising Russian startups and large international companies, bringing top tech thought the funding and capital it needs to bring advanced technological solutions for digital transformation to reality. “Our partnership will facilitate solution piloting and integration for talented Russian teams and finding innovative ideas and strong developer teams in Russia for foreign investors,” said Lars Flottrong, Partner, Partner, Digitalization & Innovation, SCHNEIDER GROUP.
ABOUT THE COMPANIES
SCHNEIDER GROUP has been helping businesses to expand into Russia and the CIS since 2003. Providing expert consulting and first-class business support services, we efficiently guide our customers through the complex process of entering new markets, help them establish branches and subsidiaries that are fully transparent to international management and compliant with local legislation, while our experts offer valuable advice on best practices to optimize processes, mitigate risks, and cut costs.
DSIGHT is a BI (Business Intelligence) platform and a database fully focused on the venture capital market. It’s a resident of Skolkovo IT cluster. The company publishes Venture Russia reports twice a year. DSIGHT provides BI services to corporations and investors: technology monitoring, technology scouting and market/startup research around the world.
**Source: Venture Russia Report: 2019 results, www.dsight.ru